Agora (NASDAQ:API) CEO Acquires $42,684.03 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,549 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was bought at an average price of $4.47 per share, for a total transaction of $42,684.03. Following the acquisition, the chief executive officer owned 2,234,882 shares in the company, valued at $9,989,922.54. The trade was a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bin Zhao also recently made the following trade(s):

• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were bought at an average cost of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The shares were purchased at an average price of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average cost of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was purchased at an average price of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were purchased at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were purchased at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were purchased at an average price of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $36,731.07.

Agora Stock Performance

Agora stock opened at $4.46 on Thursday. The company has a market cap of $389.45 million, a price-to-earnings ratio of 40.55 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $4.16.

Agora (NASDAQ:API) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Equities analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Trading of Agora

Several large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its position in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter valued at $101,000. Finally, AXQ Capital LP purchased a new stake in Agora during the second quarter valued at about $55,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on API. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America upped their price target on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.80.

About Agora

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.